Bank Innovation
AUGUST 11, 2017
It’s startup season: the accelerators are adding their new classes, the venture capitalists are packing on the funding, and bright new fintechs are setting launch dates. Take a look at just five of these startups that Bank Innovation will be watching this month: Cushion Arguing with a bank over fees is one of the least […].
Chris Skinner
AUGUST 11, 2017
Just found an interesting document from Harvard Business Review with the title: How financial services views the digital agenda. It is the result of research conducted by the Harvard Business Review with the Genpact Research Institute, looking at the impact of dgitilaisation in finance, and confirms something I have been … The post Banks are failing digital due to legacy and leadership (Harvard research) appeared first on Chris Skinner's blog.
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Bank Innovation
AUGUST 11, 2017
Keeping track of credit card benefits can be a tedious task, at least that’s what Sift is banking on. The app helps customers redeem and track credit card benefits as well as files automated claims on its users’ behalf, when necessary. Check out Bank Innovation’s interview with Sift CEO Abhinav Dubey to learn about new […].
Payments Dive
AUGUST 11, 2017
Marriott International's David Kepron will share his insights on the pervasiveness of digital media and how its integration to consumers' lives at the upcoming CONNECT: The Mobile CX Summit.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Bank Innovation
AUGUST 11, 2017
It’s all about the data. SaaS banking platform Mambu is paying close attention to one important trend in the fintech market when it comes to their growth strategy, according to its CEO Eugene Danilkis: “Interestingly, we are seeing more and more non-financial or non-fintech related institutions getting into this space because of their access to […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
AUGUST 11, 2017
Many countries have joined the rush to go cashless by promoting wider adoption of digital payments and legalizing cryptocurrencies. Still, it’s European countries like Sweden that continue to be the models for cashless societies. The Riksbank, Sweden’s central bank, predicts that cash transactions will just be a mere 0.5 percent of all transactions by 2020. […].
PYMNTS
AUGUST 11, 2017
Ding, ding, ding! And the winner of the newest frontier of financial fraud is cryptocurrency. Since the beginning of this year, businesses have raised $1 billion in initial coin offerings (ICO), and Goldman Sachs is seeing 800 altcoins circulating around the internet. As cryptocurrency increases in popularity, it has attracted dangerous minds. With many looking to find holes in the often proclaimed “most impenetrable” financial system, it was just a matter of time before a hacker or
Let's Talk Payments
AUGUST 11, 2017
MEDICI now! Startup Stories highlights the companies that are shaping the new financial technology industry. Keep an eye out each week for new stories! If you or someone you know.
PYMNTS
AUGUST 11, 2017
Luxury isn’t what it used to be. Sure, there are high-end quality items and experiences, but consumer behavior in this space has seen a shift over the past few years. Following the 2008 recession, most consumers expectedly shied away from making purchases on ultra fancy or expensive items in favor of keeping their financial heads above water. Yet the story for luxury purchases has shifted in the last few years, which is showing a more positive outlook.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
Let's Talk Payments
AUGUST 11, 2017
E-commerce is expected to increase more than fourfold in the next few years in Brazil, according to Worldpay, one of the leading payment processing companies globally. “E-commerce slice of GDP.
PYMNTS
AUGUST 11, 2017
Fizzle of The Week: Passwords. Passwords are one of the necessary evils of the modern digital commerce age. A prolific necessary evil, perhaps. By some estimates, if the current pace is continued, the average consumer will have something like 200 passwords to remember. But, even if it seems staggeringly difficult — bordering on entirely impossible — to keep 200 separate strings of random letters and numbers straight in one’s head, the payoff is worth it.
Insights on Business
AUGUST 11, 2017
For banking customers, confidence comes from knowing that their payment was completed instantly and securely. This trust is a key capability banks must consistently demonstrate as they digitally reinvent their services to compete in the global, immediate payments processing marketplace. Instant payments and other new services are being driven by regulatory mandates along with digital savvy consumers demanding improved experiences on one end and high-technology start-ups on the other end.
PYMNTS
AUGUST 11, 2017
The Great Recession had a crippling effect on credit markets across the board. Consumers, enterprise-sized businesses and small businesses (SMBs) all found themselves caught in the squeeze of a wide-ranging credit crunch. Ten years out, consumers and big businesses experience the credit crunch as a memory, but for SMBs, particularly startups, the credit crunch is a reality.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Payments Source
AUGUST 11, 2017
With this year's iPhone announcement getting closer, more rumors are spreading about how Apple plans to overhaul the way its phones handle payments. Some of these have already been confirmed by Apple; others are leaking in code the company has released.
PYMNTS
AUGUST 11, 2017
This week in retail, we’ve seen a myriad of movement from nearly all sides. We’ve seen earnings surge , earnings dive down , launches and a significant change in the way grocery stores are operating. In the earnings arena, Under Armour and Blue Apron sales are taking a dive down, which is resulting in both companies looking to trim the fat to help revitalize business.
Payments Source
AUGUST 11, 2017
Both merchants and consumers still see the act of making a payment as a barrier and again look to technology to enhance the experience, writes Chris Koide, senior advisor and vice president of financial services for Bambora North America.
PYMNTS
AUGUST 11, 2017
Geoswift , Western Union Business Solutions and UnionPay International have announced the latest joint tuition payment promotion available to Chinese students studying in other countries. According to a press release , the promotion will deliver an enhanced user experience to simplify the payment experience for Chinese international students. They can now view payment history at a glance, track all payments and enjoy a fully automated refund process.
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
Payments Source
AUGUST 11, 2017
Alipay and WeChat Pay have become important drivers in the Chinese economy, putting the central bank in a position to force all third-party payment firms to connect to the new clearing house.
PYMNTS
AUGUST 11, 2017
A new report has found that while Apple has fallen to third place in the wearable market for the second quarter of 2017, the total worldwide wearable band market grew 8 percent during the same period. According to Canalys Research , the market was led by Xiaomi , with shipments of 3.5 million units, followed closely behind by Fitbit , which shipped 3.3 million units, a 34 percent year-on-year decline.
Bobsguide
AUGUST 11, 2017
1. Transforming KYC: Three technologies to watch. Gathering and validating the data needed to comply with Know Your Customer (KYC) is not easy. Documents can be forged. Ownership structures can be concealed. And practices like trade-based money laundering make it difficult to track money flow.
PYMNTS
AUGUST 11, 2017
FBI documents have revealed a global financial network run by a senior Islamic State official that funneled money to an alleged ISIS operative in the U.S. through fake eBay transactions. The Wall Street Journal reported news that a recently unsealed FBI affidavit shows that the alleged recipient of the funds was Mohamed Elshinawy, an American citizen arrested more than a year ago in Maryland.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
Payments Source
AUGUST 11, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Microsoft releases blockchain framework; U.K. uses animal fats in new bills; U.K. consumers use bills less; Singapore warns on digital currency risk.
PYMNTS
AUGUST 11, 2017
Not all bras were made equal. Similar to finding the right fit in a pair of jeans or T-shirt, fashion labels make their own unique version of a size which is not exactly uniform across brands. As such, finding the right fit for most clothing can be a challenge. Brayola to the rescue! The eCommerce platform has shared news of its latest round of funding to help women find a better-fitting bra.
Payments Source
AUGUST 11, 2017
Even as investors are lured by their price gains and volatility, the biggest institutions are reluctant to get in, raising further concerns about liquidity.
PYMNTS
AUGUST 11, 2017
After having just made its partnership announcement with ShapeShift earlier this week to start accepting all cryptocurrencies as payments, Overstock may be parting ways with its blockchain business. Upon millions of dollars lost, Overstock and Medici Ventures are likely to part ways sometime next year. In Q2 of this year, Overstock lost $9.7 million, which is six times higher than the same time last year and includes a $3.3-million loss from its blockchain subsidiary.
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
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